WorldAtWork released its first glimpse of the findings for 2009/2010 salary budgets. [Here] My clients hear me talk about this annual survey because it is a favorite of professionals in the field, and with over 2600 participants, it is an excellent marker when considering salary budgets for the coming year.
So what is the news? Not so good.
Here are some of the highlights:
Salary Budget Increases, by Type of Increase
Actual 2009:
General Increase/COLA: 1.2%
Merit Increase: 1.9%
Other Increase: 0.9%
Total Increase: 2.2%
Projected 2010:
General Increase/COLA: 1.6%
Merit Increase: 2.7%
Other Increase: 0.9%
Total Increase: 2.8%
The survey will be released in early August and participants will be surveyed for an update report in the fall. Stay tuned.
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